July 9, 2022 | Daily JAM, Friday Trick or Trend |
Gold fell below $1800 an ounce this week to close at $1742 per ounce for August delivery on the Comex in New York. And frankly, I don’t see gold turning around until 1) we get a signal from the Federal Reserve that the biggest interest rate increases are behind us, or 2) we get a big, bigger, biggest fear-inducing event that sends everybody scurrying to their hedges. Until then, I think a stronger dollar will continue to pressure gold (and silver) lower.
June 24, 2022 | Daily JAM, Morning Briefing, Special Reports |
And there I thought the hard part was laying out my thoughts on the trends in the market over the next five years. Turns out that outlining investment specifics is even harder. So this is just the first 12 months of picks and positioning for the next five years.
June 23, 2022 | ABBV, Daily JAM, Dividend Income, GOLD, Jubak Picks, PXD, Special Reports |
The advice is sound, very sound. Move part (at least of your portfolio to cash and sit out the worst of this bear market on the sidelines. And since you have that cash in hand, you’ll be ready to snap up bargains when the market has put in a bottom (or near the bottom, or on the way up from the bottom…or something.) But right now that’s easier said than done.
April 29, 2022 | Daily JAM, Friday Trick or Trend, JJA, JO, Volatility |
There were very few places to hide in this week’s stock market decline. A number of the old reliable places to hide aren’t providing much protection in the current stock market drop. But I did see two splashes of green today among the sea of red.
May 24, 2021 | Daily JAM, Jubak Picks, Volatility |
Gold closed up today, May 24, by 0.27% to $1884.00 an ounce for August delivery on the COMEX. That took the metal to its highest price since its January 5 high for 2021 at $1954. The rally in gold from a March 8 low at $1678 an ounce, has not only brought gold near breakeven for 2021, but is pressing against resistance near $1900 an ounce. Gold has posted three straight weekly gains. No secret what’s been driving gold higher: fears of rising inflation.
March 12, 2021 | Daily JAM, Volatility, WPM |
Before you get too excited by that headline, note that a 30% hike in the dividend at Wheaton Precious Metals (WPM) will bring the payout to just 13 cents for the first quarter of 2021. But that’s still, as my grandmother used to say, better than a poke in the eye with a sharp stick. At the least it’s a vote of confidence by the company’s board of directors that they see strong revenue and earnings growth in the year ahead. Wheaton Precious Metals doesn’t actually do any mining itself. Instead it purchases a stream of production from miners of precious metals and cobalt.
March 3, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The thirteenth YouTube video “2 Hedges for All Your Market Worries” went up today.
February 22, 2021 | Daily JAM, Morning Briefing |
As of the close in New York today, February 22, the yield on the 10-year Treasury had climbed another 3 basis points to 1.37%. Commodities that can act as inflation hedges were up as well. Copper showed no signs of ending its climb, rising 4.17% today to $8909 a ton on the London Metal Exchange today
February 19, 2021 | Daily JAM, Morning Briefing, Short Term |
At the close today the Standard & Poor’s 500 was down 0.19%. The Dow Jones Industrial Average ended dead even. The NASDAQ Composite “soared” 0.07%. It wasn’t until you looked at the Russell 2000 small cap index that you saw any signs of what a wild day it was. That index, so economically sensitive these days, finished ahead 2.04%. Don’t look to the usual suspects if you’re seeking big winners today.
February 10, 2021 | COPX, Daily JAM, Long Term, Millennial, Stock Alerts |
In today’s YouTube Video “Avoiding Di-Worsification in 2021 in argued that the trend toward high yields on long-dated Treasuries–and thus lower prices for those bonds–should prompt investors to look beyond bonds and gold in their efforts to build diversified portfolios. I’m adding a copper miners ETF to my Millennial Portfolio tomorrow as a replacement for gold and to profit from the increased copper demand resulting from larger numbers of electric cars on the road over the next decade
February 10, 2021 | COPX, Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The tenth YouTube video “Avoiding Di-Worisification in 2021” went up today.
January 28, 2021 | AG, Daily JAM, DIS, FCX, FQVLF, GDX, GOLD, Jubak Picks, MGM, Morning Briefing, SCCO, Top 50 Stocks |
U.S. GDP growth slowed in the fourth quarter, gaining just 1% from the third quarter. For the full year the U.S. economy contracted by 3.5%. That makes 2020 the first time that the economy has contracted for a full year since 2009 and the Great Recession. At the bottom of that recession that economy contracted by 2.5%. 2020 is also the worst year for economic growth since 1946 when the economy shrank by 11.6% as the country demobilized after World War II. Consumer spending slowed in all 15 categories tracked by the Bureau of Economic Analysis. The sectors that had powered the recovery in the third quarter–restaurants and hotels, for instance–reversed. The growth in spending on cars and health car also slowed from the acceleration in the third quarter. So why is this good news as far as the stock market is concerned?
